Ethereum Open Interest Cut In Half As $6.4B In Positions Vanish: Market Reset Accelerates
December 3, 2025 · 12:00 AM
Ethereum's price has dropped below $2,800, causing panic in the market and raising concerns about a potential bear market. This decline has led to increased selling pressure across both spot and derivatives markets, with volatility rising as traders seek a reliable support level. A report from CryptoQuant indicates a significant collapse in Ethereum's open interest on Binance, which has halved from an all-time high of $12.6 billion in August to $6.
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